Civic Intelligence

Magna Systems Inc.

Plan context: Magna Systems Inc. 401K Plan

EIN 56-1444707 • Raleigh, NC • 26 filings • 3 plans

7721 Six Forks RdSuite 100Raleigh, NC 27615
Current Snapshot

Latest Year

2024

2024 Participants

39

2024 Assets

$7,607,102

2024 Contributions

$573,364

Historical Graphs

Total Assets Over Time

Aggregate end-of-year assets by filing year, excluding zero-asset years

$7,607,102$3,803,551$0199920132024YearValue
$7,607,102Latest year 2024

Participants Over Time

Largest reported end-of-year plan headcount by filing year, used to avoid double-counting participants across overlapping plans

40200199920122024YearValue
39Latest year 2024

Company Timeline

Year summaries and individual filings are combined here so you can stay in one place while moving across years and plan filings.

Year / FilingFilingsParticipantsAssetsContributionsContrib./Participant
2024139$7,607,102$573,364$14,702iApproximate average salary by contribution assumption: employee only about $367,541 at 4% or $245,027 at 6%; with 50% employer match about $245,027 at 4% or $163,352 at 6%; with 100% employer match about $183,771 at 4% or $122,514 at 6%.
Magna Systems Inc. 401K Plan-39$7,607,102$573,364$14,702iApproximate average salary by contribution assumption: employee only about $367,541 at 4% or $245,027 at 6%; with 50% employer match about $245,027 at 4% or $163,352 at 6%; with 100% employer match about $183,771 at 4% or $122,514 at 6%.
2023140$7,201,938$559,612$13,990iApproximate average salary by contribution assumption: employee only about $349,758 at 4% or $233,172 at 6%; with 50% employer match about $233,172 at 4% or $155,448 at 6%; with 100% employer match about $174,879 at 4% or $116,586 at 6%.
Magna Systems Inc. 401K Plan-40$7,201,938$559,612$13,990iApproximate average salary by contribution assumption: employee only about $349,758 at 4% or $233,172 at 6%; with 50% employer match about $233,172 at 4% or $155,448 at 6%; with 100% employer match about $174,879 at 4% or $116,586 at 6%.
2022139$5,680,061$607,096$15,567iApproximate average salary by contribution assumption: employee only about $389,164 at 4% or $259,443 at 6%; with 50% employer match about $259,443 at 4% or $172,962 at 6%; with 100% employer match about $194,582 at 4% or $129,721 at 6%.
Magna Systems Inc. 401K Plan-39$5,680,061$607,096$15,567iApproximate average salary by contribution assumption: employee only about $389,164 at 4% or $259,443 at 6%; with 50% employer match about $259,443 at 4% or $172,962 at 6%; with 100% employer match about $194,582 at 4% or $129,721 at 6%.
2021137$6,023,721$555,041$15,001iApproximate average salary by contribution assumption: employee only about $375,028 at 4% or $250,018 at 6%; with 50% employer match about $250,018 at 4% or $166,679 at 6%; with 100% employer match about $187,514 at 4% or $125,009 at 6%.
Magna Systems Inc. 401K Plan-37$6,023,721$555,041$15,001iApproximate average salary by contribution assumption: employee only about $375,028 at 4% or $250,018 at 6%; with 50% employer match about $250,018 at 4% or $166,679 at 6%; with 100% employer match about $187,514 at 4% or $125,009 at 6%.
2020136$4,993,352$445,210$12,367iApproximate average salary by contribution assumption: employee only about $309,174 at 4% or $206,116 at 6%; with 50% employer match about $206,116 at 4% or $137,410 at 6%; with 100% employer match about $154,587 at 4% or $103,058 at 6%.
Magna Systems Inc. 401K Plan-36$4,993,352$445,210$12,367iApproximate average salary by contribution assumption: employee only about $309,174 at 4% or $206,116 at 6%; with 50% employer match about $206,116 at 4% or $137,410 at 6%; with 100% employer match about $154,587 at 4% or $103,058 at 6%.
2019133$4,277,404$509,124$15,428iApproximate average salary by contribution assumption: employee only about $385,700 at 4% or $257,133 at 6%; with 50% employer match about $257,133 at 4% or $171,422 at 6%; with 100% employer match about $192,850 at 4% or $128,567 at 6%.
Magna Systems Inc. 401K Plan-33$4,277,404$509,124$15,428iApproximate average salary by contribution assumption: employee only about $385,700 at 4% or $257,133 at 6%; with 50% employer match about $257,133 at 4% or $171,422 at 6%; with 100% employer match about $192,850 at 4% or $128,567 at 6%.
2018129$3,116,347$358,983$12,379iApproximate average salary by contribution assumption: employee only about $309,468 at 4% or $206,312 at 6%; with 50% employer match about $206,312 at 4% or $137,541 at 6%; with 100% employer match about $154,734 at 4% or $103,156 at 6%.
Magna Systems Inc. 401K Plan-29$3,116,347$358,983$12,379iApproximate average salary by contribution assumption: employee only about $309,468 at 4% or $206,312 at 6%; with 50% employer match about $206,312 at 4% or $137,541 at 6%; with 100% employer match about $154,734 at 4% or $103,156 at 6%.
2017127$3,025,065$308,676$11,432iApproximate average salary by contribution assumption: employee only about $285,811 at 4% or $190,541 at 6%; with 50% employer match about $190,541 at 4% or $127,027 at 6%; with 100% employer match about $142,906 at 4% or $95,270 at 6%.
Magna Systems Inc. 401K Plan-27$3,025,065$308,676$11,432iApproximate average salary by contribution assumption: employee only about $285,811 at 4% or $190,541 at 6%; with 50% employer match about $190,541 at 4% or $127,027 at 6%; with 100% employer match about $142,906 at 4% or $95,270 at 6%.
2016125$2,470,923$280,377$11,215iApproximate average salary by contribution assumption: employee only about $280,377 at 4% or $186,918 at 6%; with 50% employer match about $186,918 at 4% or $124,612 at 6%; with 100% employer match about $140,189 at 4% or $93,459 at 6%.
Magna Systems Inc. 401K Plan-25$2,470,923$280,377$11,215iApproximate average salary by contribution assumption: employee only about $280,377 at 4% or $186,918 at 6%; with 50% employer match about $186,918 at 4% or $124,612 at 6%; with 100% employer match about $140,189 at 4% or $93,459 at 6%.
2015123$1,980,355$236,039$10,263iApproximate average salary by contribution assumption: employee only about $256,564 at 4% or $171,043 at 6%; with 50% employer match about $171,043 at 4% or $114,029 at 6%; with 100% employer match about $128,282 at 4% or $85,521 at 6%.
Magna Systems Inc. 401K Plan-23$1,980,355$236,039$10,263iApproximate average salary by contribution assumption: employee only about $256,564 at 4% or $171,043 at 6%; with 50% employer match about $171,043 at 4% or $114,029 at 6%; with 100% employer match about $128,282 at 4% or $85,521 at 6%.
2014124$1,789,436$217,488$9,062iApproximate average salary by contribution assumption: employee only about $226,550 at 4% or $151,033 at 6%; with 50% employer match about $151,033 at 4% or $100,689 at 6%; with 100% employer match about $113,275 at 4% or $75,517 at 6%.
Magna Systems Inc. 401K Plan-24$1,789,436$217,488$9,062iApproximate average salary by contribution assumption: employee only about $226,550 at 4% or $151,033 at 6%; with 50% employer match about $151,033 at 4% or $100,689 at 6%; with 100% employer match about $113,275 at 4% or $75,517 at 6%.
2013120$1,573,191$186,297$9,315iApproximate average salary by contribution assumption: employee only about $232,871 at 4% or $155,248 at 6%; with 50% employer match about $155,248 at 4% or $103,498 at 6%; with 100% employer match about $116,436 at 4% or $77,624 at 6%.
Magna Systems Inc. 401K Plan-20$1,573,191$186,297$9,315iApproximate average salary by contribution assumption: employee only about $232,871 at 4% or $155,248 at 6%; with 50% employer match about $155,248 at 4% or $103,498 at 6%; with 100% employer match about $116,436 at 4% or $77,624 at 6%.
2012119$1,131,310$164,617$8,664iApproximate average salary by contribution assumption: employee only about $216,601 at 4% or $144,401 at 6%; with 50% employer match about $144,401 at 4% or $96,267 at 6%; with 100% employer match about $108,301 at 4% or $72,200 at 6%.
Magna Systems Inc. 401K Plan-19$1,131,310$164,617$8,664iApproximate average salary by contribution assumption: employee only about $216,601 at 4% or $144,401 at 6%; with 50% employer match about $144,401 at 4% or $96,267 at 6%; with 100% employer match about $108,301 at 4% or $72,200 at 6%.
2011116$850,569$130,851$8,178iApproximate average salary by contribution assumption: employee only about $204,455 at 4% or $136,303 at 6%; with 50% employer match about $136,303 at 4% or $90,869 at 6%; with 100% employer match about $102,227 at 4% or $68,152 at 6%.
Magna Systems Inc. 401K Plan-16$850,569$130,851$8,178iApproximate average salary by contribution assumption: employee only about $204,455 at 4% or $136,303 at 6%; with 50% employer match about $136,303 at 4% or $90,869 at 6%; with 100% employer match about $102,227 at 4% or $68,152 at 6%.
2010115$748,270$157,362$10,491iApproximate average salary by contribution assumption: employee only about $262,270 at 4% or $174,847 at 6%; with 50% employer match about $174,847 at 4% or $116,564 at 6%; with 100% employer match about $131,135 at 4% or $87,423 at 6%.
Magna Systems Inc. 401K Plan-15$748,270$157,362$10,491iApproximate average salary by contribution assumption: employee only about $262,270 at 4% or $174,847 at 6%; with 50% employer match about $174,847 at 4% or $116,564 at 6%; with 100% employer match about $131,135 at 4% or $87,423 at 6%.
2009115$509,789$95,440$6,363iApproximate average salary by contribution assumption: employee only about $159,067 at 4% or $106,044 at 6%; with 50% employer match about $106,044 at 4% or $70,696 at 6%; with 100% employer match about $79,533 at 4% or $53,022 at 6%.
Magna Systems Inc. 401K Plan-15$509,789$95,440$6,363iApproximate average salary by contribution assumption: employee only about $159,067 at 4% or $106,044 at 6%; with 50% employer match about $106,044 at 4% or $70,696 at 6%; with 100% employer match about $79,533 at 4% or $53,022 at 6%.
2008114$333,619$70,453$5,032iApproximate average salary by contribution assumption: employee only about $125,809 at 4% or $83,873 at 6%; with 50% employer match about $83,873 at 4% or $55,915 at 6%; with 100% employer match about $62,904 at 4% or $41,936 at 6%.
Magna Systems Inc. 401K Plan-14$333,619$70,453$5,032iApproximate average salary by contribution assumption: employee only about $125,809 at 4% or $83,873 at 6%; with 50% employer match about $83,873 at 4% or $55,915 at 6%; with 100% employer match about $62,904 at 4% or $41,936 at 6%.
2007114$0$0-
Magna Systems Inc. 401K Plan-14---
2006112$328,327$32,358$2,697iApproximate average salary by contribution assumption: employee only about $67,413 at 4% or $44,942 at 6%; with 50% employer match about $44,942 at 4% or $29,961 at 6%; with 100% employer match about $33,706 at 4% or $22,471 at 6%.
Magna Systems Inc. 401K Plan-12$328,327$32,358$2,697iApproximate average salary by contribution assumption: employee only about $67,413 at 4% or $44,942 at 6%; with 50% employer match about $44,942 at 4% or $29,961 at 6%; with 100% employer match about $33,706 at 4% or $22,471 at 6%.
2005112$277,180$27,764$2,314iApproximate average salary by contribution assumption: employee only about $57,842 at 4% or $38,561 at 6%; with 50% employer match about $38,561 at 4% or $25,707 at 6%; with 100% employer match about $28,921 at 4% or $19,281 at 6%.
Magna Systems Inc. 401K Plan-12$277,180$27,764$2,314iApproximate average salary by contribution assumption: employee only about $57,842 at 4% or $38,561 at 6%; with 50% employer match about $38,561 at 4% or $25,707 at 6%; with 100% employer match about $28,921 at 4% or $19,281 at 6%.
2004111$236,560$26,191$2,381iApproximate average salary by contribution assumption: employee only about $59,525 at 4% or $39,683 at 6%; with 50% employer match about $39,683 at 4% or $26,456 at 6%; with 100% employer match about $29,763 at 4% or $19,842 at 6%.
Magna Systems Inc. 401K Plan-11$236,560$26,191$2,381iApproximate average salary by contribution assumption: employee only about $59,525 at 4% or $39,683 at 6%; with 50% employer match about $39,683 at 4% or $26,456 at 6%; with 100% employer match about $29,763 at 4% or $19,842 at 6%.
2003110$217,614$27,600$2,760iApproximate average salary by contribution assumption: employee only about $69,000 at 4% or $46,000 at 6%; with 50% employer match about $46,000 at 4% or $30,667 at 6%; with 100% employer match about $34,500 at 4% or $23,000 at 6%.
Magna Systems Inc. 401K Plan-10$217,614$27,600$2,760iApproximate average salary by contribution assumption: employee only about $69,000 at 4% or $46,000 at 6%; with 50% employer match about $46,000 at 4% or $30,667 at 6%; with 100% employer match about $34,500 at 4% or $23,000 at 6%.
2002111$206,036$38,449$3,495iApproximate average salary by contribution assumption: employee only about $87,384 at 4% or $58,256 at 6%; with 50% employer match about $58,256 at 4% or $38,837 at 6%; with 100% employer match about $43,692 at 4% or $29,128 at 6%.
Magna Systems Inc. 401K Plan-11$206,036$38,449$3,495iApproximate average salary by contribution assumption: employee only about $87,384 at 4% or $58,256 at 6%; with 50% employer match about $58,256 at 4% or $38,837 at 6%; with 100% employer match about $43,692 at 4% or $29,128 at 6%.
2001119$0$0-
Magna Systems Inc. 401K Plan-19---
2000112$190,033$51,003$4,250iApproximate average salary by contribution assumption: employee only about $106,256 at 4% or $70,838 at 6%; with 50% employer match about $70,838 at 4% or $47,225 at 6%; with 100% employer match about $53,128 at 4% or $35,419 at 6%.
Magna Systems Inc. 401K Plan-12$190,033$51,003$4,250iApproximate average salary by contribution assumption: employee only about $106,256 at 4% or $70,838 at 6%; with 50% employer match about $70,838 at 4% or $47,225 at 6%; with 100% employer match about $53,128 at 4% or $35,419 at 6%.
1999114$176,435$36,080$2,577iApproximate average salary by contribution assumption: employee only about $64,429 at 4% or $42,952 at 6%; with 50% employer match about $42,952 at 4% or $28,635 at 6%; with 100% employer match about $32,214 at 4% or $21,476 at 6%.
Magna Systems Inc. 401K Plan-14$176,435$36,080$2,577iApproximate average salary by contribution assumption: employee only about $64,429 at 4% or $42,952 at 6%; with 50% employer match about $42,952 at 4% or $28,635 at 6%; with 100% employer match about $32,214 at 4% or $21,476 at 6%.